The Satrix ALSI index fund is a passive, pure equity fund which tracks the performance of the FTSE/JSE All Share Index. The fund is rebalanced quarterly, and the fund therefore incurs minimal trading fees.
FTSE/JSE All Share Index (J203)
The Satrix ALSI Index Fund aims to track the South African stock market returns as measure by the FTSE/JSE All Share Index. The fund does not do active stock picking and tactical asset allocations they invest in JSE listed shares and weighs them based on market capitalization.